Intro

Wells Fargo offers a new savings product: You make the following payments at the end of each year and will then receive a lump sum payment $35$ years from now.

$\backslash$table$[[$Year$,$Payment$],[1,300],[2,400],[3,500],[4,600],[5,700]]$

The annual interest rate is $7\%$ for the next $5$ years, then $2\%$ for the following $30$ years.

Part $1$

Attempt $\frac{1}{10}$ for $0\mathrm{.}9$ pts$.$

What is the future value of your investment in year $35?$